Kingsmen Resources Announces Closing of La Trini Property Sale

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Kingsmen Resources Announces Closing of La Trini Property Sale

January 20, 2022, Vancouver, BC - Kingsmen Resources Ltd. ("Kingsmen", or the "Company") (TSXV:

KNG) (OTCQB: TUMIF) is pleased to announce that it is closing its previously announced transaction

(April 9, 2020) with GoGold Resources Inc. (“GoGold") for GoGold to acquire the Company's remaining

51% interest in the La Trini Project (the "Project") in Jaliso, Mexico in exchange for: cash payment of

US$210,000; the Company will retain a 1.0% net smelter returns royalty on the Project, with GoGold having

the right to purchase the NSR for US$1,000,000 at any time prior to the commencement of commercial

production on the Project. The option exercise is subject to the acceptance of the TSX Venture Exchange.

On behalf of the board,

“Scott Emerson”

President and CEO

For additional information, please contact:

Scott Emerson, President and CEO at (604) 603-0074 or

Email: [email protected]

Website: www.kingsmenresources.com

Neither the TSX Venture Exchange, nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.